AIR CANADA (AC.CA) Stock Technical Analysis
TSX:AC - Toronto Stock Exchange - CA0089118776 - Common Stock - Currency: CAD
We assign a technical rating of 7 out of 10 to AC. In the last year, AC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long and short term trends are both positive. This is looking good!
AC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
AC has an average volume of 3627600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, AC turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
AC is an average performer in the Passenger Airlines industry, it outperforms 50% of 9 stocks in the same industry.
AC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AC is lagging the market slightly.
AC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 18.61, a Stop Loss order could be placed below this zone.
More info and screens
14.96
26.04
We found 2 important support areas.
- A support zone ranging from 18.21 to 18.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.11 to 15.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 18.73 to 18.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.78 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AC.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AC.CA is up. |
| ChartMill Relative Strength | 65.31 | NEUTRAL | AC.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AC.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AC.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AC.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.54 | OVERBOUGHT | The high RSI value suggests AC.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests AC.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.89 | OVERBOUGHT | The high Stochastics value suggests AC.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for AC.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 47.68 | POSITIVE | The high ADX value value for AC.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 19.00 | 18.20 | 0.80 (4.21%) | 23.75% |
| An entry @19.00. This is a Buy Stop order right above the resistance zone. | An exit @18.20. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.80 points, which is 4.21%. | When investing 23.75% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of AC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:AC (5/22/2025, 7:00:00 PM)
18.62
+0.26 (+1.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg1.42%
1 Week0%
2 Weeks24.3%
1 Month32.06%
3 Month10.57%
6 Month-23.06%
12 Month1.2%
2 Year-13.11%
3 Year-16.09%
5 Year17.11%
10 Year35.32%
15 Year911.96%
Volatility
ATR(14)0.71
ATR(20)%3.23%
ATR Inc-14.03%
Range Today0.62
ADR(20)0.51
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.31
Mansfield0.1
10 Day High19.54
10 Day Low15.09
20 Day High19.54
20 Day Low13.73
52 Week High26.18
52 Week Low12.69
CS1 End18.61
CR1 Start18.73
Volume & EV
DER(3)0.39%
DER(5)2.12%
Volume2.68M
Volume Incr-21.9%
Vol(5)2.87M
Vol(50)3.63M